Northwest Pipe (NASDAQ:NWPX) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in Northwest Pipe (NASDAQ:NWPX - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 518,831 shares of the industrial products company's stock after selling 10,227 shares during the period. Vanguard Group Inc. owned about 5.23% of Northwest Pipe worth $25,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Northwest Pipe in the third quarter valued at about $944,000. JPMorgan Chase & Co. lifted its holdings in shares of Northwest Pipe by 34.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company's stock valued at $2,544,000 after buying an additional 14,374 shares during the period. Barclays PLC boosted its stake in shares of Northwest Pipe by 272.8% in the third quarter. Barclays PLC now owns 13,001 shares of the industrial products company's stock valued at $586,000 after buying an additional 9,514 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Northwest Pipe in the fourth quarter valued at approximately $381,000. Finally, AlphaQuest LLC acquired a new position in Northwest Pipe during the fourth quarter worth $31,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Northwest Pipe

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $44.00, for a total transaction of $44,000.00. Following the completion of the transaction, the chief financial officer now directly owns 23,467 shares in the company, valued at approximately $1,032,548. This trade represents a 4.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.30% of the company's stock.

Analyst Ratings Changes

NWPX has been the subject of a number of recent analyst reports. StockNews.com downgraded Northwest Pipe from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Northland Securities raised their price objective on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Finally, Sidoti upgraded shares of Northwest Pipe to a "hold" rating in a research report on Tuesday, February 25th.

Northwest Pipe Price Performance

NWPX traded up $0.22 during trading on Friday, reaching $41.42. 49,874 shares of the stock were exchanged, compared to its average volume of 54,281. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. The company has a market capitalization of $411.51 million, a price-to-earnings ratio of 14.09, a P/E/G ratio of 2.85 and a beta of 0.94. Northwest Pipe has a 1 year low of $31.16 and a 1 year high of $57.76. The business's 50 day moving average price is $43.55 and its two-hundred day moving average price is $47.61.

Northwest Pipe Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.